Rock Tech Lithium Inc. (CVE:RCK – Get Rating) shares rose 13.1% during trading on Thursday . The company traded as high as C$2.70 and last traded at C$2.68. Approximately 376,200 shares traded hands during mid-day trading, an increase of 233% from the average daily volume of 112,863 shares. The stock had previously closed at C$2.37.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group cut Rock Tech Lithium from a “speculative buy” rating to a “hold” rating and dropped their price target for the company from C$4.50 to C$3.50 in a research note on Monday, November 7th.
Rock Tech Lithium Stock Up 3.6 %
The company has a market capitalization of C$246.01 million and a P/E ratio of -6.56. The company has a current ratio of 4.79, a quick ratio of 4.68 and a debt-to-equity ratio of 1.84. The stock has a 50 day moving average price of C$2.70 and a 200 day moving average price of C$3.30.
About Rock Tech Lithium
Rock Tech Lithium Inc engages in the exploration and development of lithium properties. It holds a 100% interest in the Georgia Lake lithium project comprising 277 claim units and 41 mining leases located in the Thunder Bay Mining District of Ontario. The company was formerly known as Rock Tech Resources Inc and changed its name to Rock Tech Lithium Inc in April 2010.
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